Private company
Who owns Grand Foods Holding
One company in the researched set discloses a stake in Grand Foods Holding, worth $2.13bn between them. Grand Foods Holding is private, so no 13F reports it: a 13F covers exchange listed positions only. These figures exist because each holder disclosed the stake in its own filings.
Grand Foods Holding - Profile
- Type
- private company
- Based in
- China
- Founded
- 2017
Grand Foods Holdings Limited is the holding company that operates and manages the McDonald's business in mainland China, Hong Kong and Macau under a master franchise agreement with McDonald's Corporation. It was created in 2017 when McDonald's sold its Greater China operations to a consortium and moved the market to a developmental licence model, so the local company owns and runs the restaurants, recruits franchisees, signs the leases and funds new openings while paying royalties to McDonald's. Its operating arm trades in China as Golden Arches. The business has expanded quickly under that structure: the restaurant count in mainland China rose from about 2,500 at the time of the deal to roughly 6,500 by September 2024, making China McDonald's second largest market by restaurants.
Source
Grand Foods Holding files nothing with the SEC, so none of this comes from a filer record. The description was written for this site in August 2026 from McDonald's Corporation Form 10-Q for the quarter ended 30 June 2025, Carlyle portfolio company spotlight: Grand Foods Holdings (McDonald's China franchisee) and China Daily: CITIC Capital hikes stake in McDonald's China. The ownership figures below come from the holders' filings instead, and are sourced row by row.
The disclosed stakes
One row per position. Where a holder reports the same company in two share classes, both rows are shown rather than summed, because the class is part of a position's identity.
Where each figure comes from
A private stake has no ownership form behind it, so the source is always the holder's own filing or disclosure. Anything modelled says so, with the arithmetic.
- McDonald's Corporation, as of 30 Jun 2026. Q2 FY2026 10-Q equity method investments note discloses 48% ownership and $2,134 million carrying amount as of 30 June 2026 (48% and $2,048 million as of 31 December 2025). No fair value is disclosed because the entity is private (fair value column reads 'N/A'). Value_usd here is the carrying amount, not a market value. source
What this page is not
It is not a complete register. It lists the holders who happen to be inside the researched set and disclosed the stake themselves. A private company can have many other shareholders, and nothing here rules them out: venture investors, founders and employees usually appear in no public filing at all. Percentages are of Grand Foods Holding where a holder stated one, and are missing where no holder did.